Uganda’s state oil company identifies ‘significant’ new crude deposits
State-owned Uganda National Oil Company (UNOC) has identified nine potential oil wells in the Kasuruban block with “significant new crude oil deposits”, it said on Tuesday.
25 Nov, 2025
Mali, Canada’s mining firm Barrick end gold complex dispute
Canadian mining company Barrick and Mali announced on Monday they had reached an agreement ending their dispute over one of the world’s largest gold complexes.
25 Nov, 2025
Tanzania to commence constructing $10 billion sea port in December
Authorities say the port will be able to handle ships with a capacity of up to 25,000 containers.
24 Nov, 2025
Côte d’Ivoire’s main cocoa harvest to decline sharply for third consecutive year, sources say
Côte d’Ivoire, the world’s biggest cocoa producer, has sold 1.3 million tonnes of cocoa contracts for the 2025/26 October to March main crop, down from 1.4 million tonnes last year.
21 Nov, 2025
Gabon signs landmark climate finance deal for Congo rainforests
South Sudan confirms it has sought $2.5 billion in oil-backed loans
Kenya opts for power rationing to prevent national grid collapse
Congo Republic in talks for possible debt-for-nature swap
Nigeria’s sovereign bonds slip after Trump threat of military action
3 Nov, 2025
Zimbabwe’s inflation set to drop amid stable currency and gold boom
Zimbabwe’s annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the Confederation of Zimbabwe Industries released on Monday.
2 Nov, 2025
Nigeria’s Dangote refinery ramps up output on back of new fuel import duty
Nigeria’s Dangote Petroleum Refinery, Africa’s largest oil refinery, is ramping up output to meet national petrol and diesel demand, the company says, after the government approved a new import tariff on fuel aimed at protecting domestic output.
31 Oct, 2025
Luanda Summit generates over $44 billion for Africa’s infrastructure drive
Continental leaders and financiers unveiled US$44 billion in new opportunities aimed at boosting self-funded development and regional integration.
23 Oct, 2025
Morocco plans coal power phase-out by 2040
Morocco plans to abandon coal power entirely by 2040 if it secures international climate finance, the Powering Past Coal Alliance (PPCA) said on Thursday.
23 Oct, 2025
Gold prices fall nearly 8% from a record high on Monday
The price of an ounce of gold (28.3 grammes) fell around 7.5% on Wednesday to $4,036 from a record high of $4,381.6 on Monday.
21 Oct, 2025
Senegal debt servicing projections for years ahead rise sharply
Senegal has raised its projections of debt service payments by about 3.2 trillion CFA francs ($5.8 billion) for the next three years in a revised budget document published last week.
21 Oct, 2025
Mauritania seeks to deepen trade ties with Türkiye
Over 4,000 business leaders, investors, policymakers, and entrepreneurs from across Africa attended TABEF 2025.
20 Oct, 2025
Egypt’s economy seen growing 4.6% in 2025/26 as inflation eases
Egypt’s economy is forecast to grow 4.6% in the fiscal year to next June as inflation and interest rates continue to fall and a weaker currency boosts exports, a Reuters poll showed on Monday.
17 Oct, 2025
Chinese firm rushes to extract over 60,000 metric tonnes of lithium ahead of Zimbabwe ban
Huayou exported 400,000 tons of lithium concentrate from Zimbabwe in 2024.
16 Oct, 2025
Food giant Nestle to sack 16,000 workers worldwide
Job-cutting plan expected to save company $1.25 billion annually until end-2027
